Raymond James Financial Inc. Makes New Investment in STMicroelectronics (NYSE:STM)

Raymond James Financial Inc. acquired a new stake in shares of STMicroelectronics (NYSE:STM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 69,596 shares of the semiconductor producer’s stock, valued at approximately $1,738,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in STM. Stifel Financial Corp raised its holdings in shares of STMicroelectronics by 0.7% during the third quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer’s stock valued at $2,048,000 after acquiring an additional 493 shares during the period. GAMMA Investing LLC raised its stake in STMicroelectronics by 81.4% during the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock valued at $30,000 after purchasing an additional 531 shares during the period. Crossmark Global Holdings Inc. raised its stake in STMicroelectronics by 1.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 65,561 shares of the semiconductor producer’s stock valued at $1,637,000 after purchasing an additional 749 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of STMicroelectronics by 108.3% in the third quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock valued at $46,000 after purchasing an additional 809 shares in the last quarter. Finally, Callan Capital LLC boosted its position in shares of STMicroelectronics by 11.9% in the fourth quarter. Callan Capital LLC now owns 8,572 shares of the semiconductor producer’s stock worth $214,000 after buying an additional 913 shares during the period. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on STM shares. Jefferies Financial Group raised STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Barclays lowered shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 22nd. BNP Paribas began coverage on shares of STMicroelectronics in a report on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 price target for the company. Morgan Stanley upgraded shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research note on Thursday, February 13th. Finally, Susquehanna decreased their target price on shares of STMicroelectronics from $33.00 to $28.00 and set a “positive” rating for the company in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $31.26.

STMicroelectronics Price Performance

NYSE STM opened at $21.98 on Tuesday. The firm has a market cap of $19.74 billion, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. The stock’s 50-day moving average is $24.49 and its two-hundred day moving average is $25.83. STMicroelectronics has a fifty-two week low of $21.36 and a fifty-two week high of $45.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. On average, analysts anticipate that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

STMicroelectronics Profile

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.